KG Growth Partners is exploring converting the former Bloomingdale's space at a shuttered downtown San Francisco mall into an AI data center and mixed-use property, IREI reported, citing the San Francisco Chronicle.
The Maryland-based firm has not submitted a formal development application.
The report describes the exploration as an alternative use amid rising demand for AI-related infrastructure, not a committed project.
Reported by the Sectors desk from IREI, citing the San Francisco Chronicle, Connect CRE, Data Center Dynamics and San Francisco Chronicle. Published . Updated Oct 27, 2026 · 10:24 a.m. ET. Corrections